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Silver Futures Is 8% Down In The Last 21 Sessions

ViaNews Editorial Team

February 7, 2023

Silver Futures Is 8% Down In The Last 21 Sessions
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(VIANEWS) - Silver (SI) has been up by 8.79% for the last 21 sessions. At 10:50 EST on Tuesday, 7 February, Silver (SI) is $22.27.

Volume

Today's last reported volume for Silver is 29877, 99.99% below its average volume of 14743382483.58.

Volatility

Silver's last week, last month's, and last quarter's current intraday variation average was a negative 0.23%, a positive 0.63%, and a positive 1.80%, respectively.

Silver's highest amplitude of average volatility was 0.99% (last week), 1.30% (last month), and 1.80% (last quarter), respectively.

Commodity Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Silver's commodity is considered to be overbought (>=80).

Previous days news about Silver (SI)

  • Silver price analysis: xag/usd bounces off $22.30-25 support confluence. According to FXStreet on Monday, 6 February, "Adding strength to the recovery moves is the downbeat RSI (14) that challenges Silver bears.", "However, bearish MACD signals join the quote's sustained downside break of the 61.8% Fibonacci retracement level surrounding $23.40, also known as the golden level, which keeps the Silver bears hopeful."

More news about Silver (SI).

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.